National Insurance Company and Owen put their agency agreement into a written document that describes the rights and duties of both parties. Owen, as the agent, has apparent authority. express authority. implied authority. equal authority. Fred is legally incompetent. Fred can be none of the other answers. an agent only. an agent or a principal. a principal only.A. apparent authority.B. express authority.C. implied authority.D. equal authority. Solution Answer - B Express Authority. There is a contract between two companies and Owen is an agent that means Owen is expressly told by other company what to do and it will result in Express Authority. Answer - B An Agent only. As he is not legally Incompetent so he can\'t be principal so he must be Agent only..